Greyhound Woolwich

20 Kingsman Parade, London SE18 5QE

Greyhound Woolwich

Community Pub

The Greyhound in Woolwich is located on a busy street with a mixture of residential housing and retail businesses. This local community pub also benefits from being walking distance from the Crossrail Station and is surrounded by good transport links.

This pub currently operates as a community pub, there is opportunity to introduce cask ales, bar snacks and further utilise the outside seating area. There is scope to increase the pubs appeal to families whilst retaining the core customer base.

Experienced Community Operator Wanted

This site would ideally suit an experienced community operator who can develop the already well-established drinks trade and create an inviting basic snack offer for the local community. An ideal operator for this site will have experience of running similar sized outlets and have the ability to develop a close connection with local trade.

Pub Features

Rolling Tenancy

Car Parking

Live Sports

Outdoor Trade

Private Accommodation

Weekly Billing

Trading Area & Facilities

This site is a traditional one room operation with a central bar, pool table and darts board.

Externally, there is a small outside seating area as well as a car park.

Private Accommodation

The private accommodation consists of 2 bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon

Tue

Wed

Thu

Fri

Sat

Sun

11:00 - 00:30

11:00 - 00:30

11:00 - 00:30

11:00 - 01:30

11:00 - 02:30

11:00 - 02:30

12:00 - 00:30

Financials

Annual Rent

£

TBC

Estimated Annual FMOP (Licensee Profit)

£

TBC

Representative HEINEKEN UK Brand Discount Per Barrel

£

TBC

Estimated Annual Turnover

£

TBC

Estimated Annual Barrelage

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs

Estimated Licensee Fixtures & Fittings Value

£

TBC

Estimated Fixtures & Fittings Valuation Fee

£

TBC

Estimated Stock Valuation

£

TBC

Deposit Amount

£

TBC

Rent In Advance

£

TBC

Training Fee

£

1,000

Estimated Designated Premises Supervisor / Manager Fee

£

TBC

Premises Licence Fee

£

TBC

Rates Assessment Fee

£

TBC

Estimated Legal Fees

£

650

Estimated Total Ingoing Costs

£

TBC

Estimated Minimum Ingoing Costs

£

TBC

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges

Estimated Annual Buildings Insurance

£

Estimated Annual Maintenance Compliance Charge

£

Estimated Annual Accountancy & Stocktaking Charge (including tills)

£

Wet Only - from 4,908pa

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased

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